Show Financial News

₹533.7 crore for the quarter ended September 30, 2023. The company released its Consolidated Financial Results for the quarter today.

all is fair in love and war, the ‘Hamas attack cannot be justified…’ Enforcing laws during war's chaos is tough. Holding perpetrators accountable post-conflict is often elusive due to complexities and challenges. But there are clear evidences that show both Palestinian militant group Hamas and Israel have been breaking international laws since the start of the war.

(Reuters) — JP Morgan and Nomura on Wednesday lifted their forecast for China's economic growth for the year, after the economy grew at a faster-than-expected pace in the third quarter from a year earlier.

By Nidal al-Mughrabi and Steve Holland

credit score plays an important role in determining his/her creditworthiness. A lender, such as a bank or a non-banking finance company, will evaluate the credit score of a potential borrower to determine whether to lend to the individual. The credit score also impacts the amount of loan sanctioned and the interest rate payable on the loan by the borrower. What is more, if a borrower has a low credit score, the lender may reject the loan application. These seven actions can have adverse implications on future borrowings. Also read: Want to borrow money? Smart tips you need to know to get the best personal loan, home loan

HSBC Holdings Plc has nearly doubled the size of a loan arrangement to part of Indian billionaire Mukesh Ambani’s business empire, bolstering its bet on Asia’s richest person. The London-based bank originally provided a £60 million ($73 million) loan facility to a subsidiary of Reliance Industries Ltd. shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021, according to UK registry filings.

Financial Times which claimed that Adani buys coal from Indonesia and its price double when it reaches India. The Congress leader further blamed Adani for the rising electricity prices in India and said that the citizens' money was going to Adani's pockets through overpricing. “People are paying more for each unit.

₹3,550 crore in Q2FY24, compared to ₹2,781 crore in the corresponding period last year. Net interest income (NII) of Bajaj Finance, on a consolidated basis, in Q2FY24 increased by 26 per cent to ₹8,845 crore from ₹7,002 crore, year-on-year (YoY), according to the company's exchange filing. Its assets under management (AUM) grew 33 per cent YoY to ₹2.9 lakh crore and interest income showed a growth of 38 per cent to ₹11,734 crore.

India’s largest publicly-traded companies employ three men for every woman in their workforce, indicating a wide, persistent gap despite growing corporate clamour about diversity. The 94 companies on the BSE 100 index that have reported this data had an aggregate 25.9% women on their staff as of 31 March 2023, a Mint analysis of their latest annual reports showed. A clear trend over time isn’t clear as many companies had not reported comparable data earlier.

MMTC hit a lower circuit of 10% at Rs 78 in Wednesday's trade on BSE amid reports that the government might shut down the company. The Centre may decide the fate of three government-owned firms on Monday, October 23 in a high-level meeting to be chaired by Union Commerce and Industry Minister Piyush Goyal, according to CNBC-TV18 sources. Goyal is likely to take a call on the closure of the Metals and Minerals Trading Corporation of India (MMTC), the State Trading Corporation (STC) and the Project & Equipment Corporation of India Ltd (PEC). The closure of these three government-owned companies is pending as the Commerce Ministry had denotified them as canalising agencies for trade last year. Earlier, the government had examined the utility of the three companies and held that there was no need for any canalising agency in the Department of Commerce. MMTC used to be a canalising agency for exporting and importing high-grade iron ore, manganese ore, chrome ore, copra, and several other precious metals. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, «The canalising agencies like MMTC, STCI and PRC served a purpose during the era of shortages, high tariffs and import restrictions.

cement producers in the September quarter, with average profitability of the industry seen surging by at least 50% compared to the previous year, said analysts. Also Read: Orient promoter CK Birla taps Adani for cement business sale While operating margins are seen lower on a sequential basis due to weak seasonality, they could rise by as much as 400 600 basis points on an average year-on-year, with ACC and Ambuja Cements clocking in the best improvement. “ACC and Ambuja would witness higher EBITDA expansion due to low base while we expect Ultratech, Shree Cement and Dalmia Bharat to see a margin expansion in the range of ₹212-250/t,” Systematix Institutional Equities said. Spending by a few key states ahead of their elections this year, and the impending elections at the Centre has kept the demand for cement robust with an estimated year-on-year growth of 12-14%, they said. Market leader Ultratech Cement has seen a 16% year-on-year growth in its consolidated sales in the September quarter, with volumes of 26.69 million tonnes. “Institutional demand was more robust, driven by increasing construction activity in most regions. In addition, both central and state government infrastructure projects executed well,” Axis Securities said in a pre-ear nings note. The cost of power and fuel, meanwhile, is seen lower by around ₹100-150 per tonne as compared to the previous quarter.

sugar has been extended beyond October 31, according to the notification. «This restriction is not applicable to sugar being exported to EU and USA under CXL and TRQ quota as per prescribed procedure in the respective public notices,» said the notification. India, world's second-largest sugar exporter last year had placed sugar in a restricted category until October 31, 2023 'to prevent uncontrolled export of sugar and with a view to ensure sufficient availability of sugar for domestic consumption at a reasonable price.' India allowed mills to export only 6.1 million tonnes of sugar during the current season ending on September 30, after letting them sell a record 11.1 million tonnes last season. Monsoon rains in the top sugarcane growing districts of the western state of Maharashtra and the southern state of Karnataka, which together account for more than half of India's total sugar output, have been as much as 50% below average so far this year, weather department data showed. India's sugar production could fall 3.3 per cent to 31.7 million tonnes in the 2023/24 season, the Indian Sugar Mills Association (ISMA) said. The last time India imposed a 20 per cent tax on sugar exports to curb overseas sales was back in 2016.

The jury in a British Columbia Supreme Court murder trial has been told that an expert witness didn’t finish her testimony because she is dead.

The U.S. Department of Defense on Tuesday released declassified photos and videos showing what it called a series of “coercive and risky” intercepts of American military aircraft by Chinese jets over the past two years, which officials say have spiked dramatically.

One of Australia’s biggest media companies, Kerry Stokes′ Seven West Media, is getting into local sports broadcasting, aiming to show the country’s local club-level games on a new platform called Streamer.

₹2 crore. As per both banks' websites, these rates are effective from 16 October. After the latest hike, ICICI Bank is offering an interest rate ranging from 3% to 7.1% on FDs maturing in seven days to ten years to general customers, and 3.5% to 7.65% to senior citizens.

By Leika Kihara

LONDON (Reuters) — British annual consumer price inflation (CPI) was unchanged at 6.7% in September holding at August's 18-month low, official data showed on Wednesday.

By Tom Westbrook

Syngene International Ltd saw its stock price slide more than 7% in the morning trades on Monday post the company cut its growth guidance for FY24 looking at the challenges ahead. investor confidence has remained strong in the company’s growth prospects which had led Syngene's share prices rise almost 40% in the last year. The cut in growth guidance thereby was bound to impact investor sentiments.

new fund offers (NFOs) every month and the old ones plying in the market to create wealth, many old and new investors are eager to know which of them can help them create wealth. Of course, there are some of the best-performing mutual funds that have earned returns to investors beyond anticipation.